Global Wireless Charging Market 2024-2028

Global Wireless Charging Market 2024-2028

The wireless charging market is forecasted to grow by USD 25172.4 mn during 2023-2028, accelerating at a CAGR of 34.28% during the forecast period. The report on the wireless charging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferating demand for electric vehicles, increasing inclination toward usage convenience without need for charging cable or plugging into sockets, and rising integration of wireless charging technology in consumer electronics.

Technavio's wireless charging market is segmented as below:

ByTechnology

• Inductive
• Resonant
• Radio frequency
• Others

ByComponent

• Receivers
• Transmitters

ByGeography

• APAC
• Europe
• North America
• Middle East and Africa
• South America

This study identifies the backward integration by oems to develop inductive charging systems as one of the prime reasons driving the wireless charging market growth during the next few years. Also, increase in installation of publicly accessible charging stations and less usage of charging sockets reducing product wear and tear will lead to sizable demand in the market.

The report on the wireless charging market covers the following areas:

• Wireless charging market sizing
• Wireless charging market forecast
• Wireless charging market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wireless charging market vendors that include Delta Electronics Inc., Energizer Holdings Inc., Energous Corp., etatronix GmbH, Leggett and Platt Inc., LG Electronics Inc., Murata Manufacturing Co. Ltd., Ossia Inc., Powercast Corp., Powermat Technologies Ltd., Qualcomm Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Sony Group Corp., Texas Instruments Inc., WiTricity Corp., and ZENS. Also, the wireless charging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.